Legal and risk
Foreign exchange and leveraged financial derivatives can produce rapid and substantial losses.
A leveraged position has a notional exposure larger than the margin set aside for it. Gains and losses respond to that wider exposure. A relatively small adverse price movement can use available equity quickly, trigger position closure under account rules, or create a loss beyond the initial margin.
Prices can gap, spreads can widen, and available volume can change. Market and stop orders may execute at a different price from the displayed quote or trigger level. A platform, network, device, or service interruption can also delay monitoring or action.
Do not trade money you cannot afford to lose. Consider knowledge, experience, financial resources, objectives, and the combined exposure of all positions. Correlated instruments can create concentrated risk, and past performance or a previous trading outcome cannot ensure a future result.